Clear Street Derivatives LLC Sells 2,172,978 Shares of NVIDIA Co. (NASDAQ:NVDA)

Clear Street Derivatives LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,622,686 shares of the computer hardware maker’s stock after selling 2,172,978 shares during the quarter. NVIDIA accounts for about 61.8% of Clear Street Derivatives LLC’s investment portfolio, making the stock its largest holding. Clear Street Derivatives LLC owned 0.15% of NVIDIA worth $4,783,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Diligent Investors LLC increased its holdings in NVIDIA by 9.1% in the fourth quarter. Diligent Investors LLC now owns 37,874 shares of the computer hardware maker’s stock worth $5,086,000 after buying an additional 3,157 shares during the last quarter. Eagle Global Advisors LLC grew its position in NVIDIA by 19.2% in the fourth quarter. Eagle Global Advisors LLC now owns 349,785 shares of the computer hardware maker’s stock worth $46,973,000 after acquiring an additional 56,445 shares in the last quarter. EHP Funds Inc. increased its stake in shares of NVIDIA by 68.3% during the 4th quarter. EHP Funds Inc. now owns 17,000 shares of the computer hardware maker’s stock worth $2,283,000 after purchasing an additional 6,900 shares during the last quarter. Collar Capital Management LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $492,000. Finally, Colonial Trust Co SC lifted its stake in shares of NVIDIA by 8.1% in the 4th quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker’s stock valued at $10,775,000 after purchasing an additional 6,035 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $131.29 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50-day moving average of $113.89 and a two-hundred day moving average of $126.65. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Morgan Stanley reissued a “hold” rating on shares of NVIDIA in a research report on Friday. Finally, Barclays decreased their price objective on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $167.53.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by insiders.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.